DNO, Audax Nix Tunisian Farm-In Discussions

(Click to Enlarge)

Reference is made to DNO's stock exchange notice dated October 16, 2009, concerning signing of a letter of intent between Audax Resources Ltd and DNO for a farm-in transaction for the Chorbane permit in Tunisia. The farm-in discussions have now been terminated, as the parties failed to agree on the transaction terms.

DNO continues to see Tunisia as an interesting country for new business development and other Tunisian license opportunities will be pursued going forward.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
GIS Intern Job
Expertise: Cartography / Mapping|Landman|Modeling
Location: Eau Claire, WI
Chemicals, Sales Account Manager, Oil & Gas - Midland - Odessa TX
Expertise: Business Development|Marketing|Sales
Location: Midland, TX
Functional Consultant Job
Expertise: IT - Analysis & Management|IT - Software Development|Project Management
Location: Denver, CO
search for more jobs

Natural Gas : $3.64/MMBtu 0.27%
Brent Crude Oil : $53.93/BBL 1.83%
Light Crude Oil : $50.93/BBL 1.66%
Updated in last 24 hours